UK rules · pension.money_purchase_annual_allowance
Money purchase annual allowance
The lower allowance after flexibly accessing a pension.
Validated v1UKIn force 6 April 2026 onwards
| amount | £10,000 |
| alternative annual allowance | £50,000 |
“You've gone above the money purchase annual allowance in the current year if you've paid over £10,000 into all of your defined contribution pensions ... The alternative annual allowance is £50,000”
Source: HMRC: www.gov.uk/guidance/work-out-your-allowances-if-youve-flexibly-accessed-your-pension · checked 6 October 2026 · page last updated 5 April 2023
Version history
No changes have been published since the dataset was first verified.